People in China apparently already dumped plenty of money into the company all in the belief that the company will go IPO like Google and Facebook and thus return their investment 100 fold. They are even claiming that Baidu as example how no Chinese benefited from its IPO.

This is virtually IDENTICAL tactic used by Vantone scam in China to push worthless woo products at vastly inflated prices. And who's involved in Vantone scam? "Tiger" Zhi Liu and Ming Xu of WCM. (See below for related links)

Another bit of news where reporter interviewed a professor of securities who said what the company did is illegal.

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